It enables employees to purchase on behalf of the company, managers to approve their transactions in real-time, and accountants to process the collective expenses with maximum VAT reclaim into their favoured accounting software. Paper systems are also inefficient and open to abuse such exaggerated claims or even claims for personal spend like meals out.Įxpensemate consists of smart Mastercards connected to a digital ecosystem via a mobile app and a central management dashboard. Navigating the murky world of employee expenses can be a challenge, especially if you’re still using a paper-based system.Ĭollecting receipts and filling in claim forms impacts employee productivity and waiting for reimbursement can create tensions between staff and management. In this article, we look at six popular procurement tools that will bring clarity to your spending, helping you to manage cash flow and expenditure more effectively. Learn the steps you can take for better procurement. If the answer is no, you could be losing money to inefficient procurement processes or incorrect or exaggerated expense claims. But can you honestly account for every penny of expenditure? Since deployment we have also deployed some additional modules like RFQ and Vendor Portals - our suppliers now feel fully engaged - we would recommend this product.Understanding where the money is being spent in your business is essential for optimal financial performance. We had onsite training which helped our more hesitant users. We found the Mikrofax eBA system to be the perfect balance of functionality, usability at a fair and affordable price - plus the pre-sales staff were very knowledgeable and knew the correct answers to all our questions - even helping us improve our internal process's. We deployed this system into our bank after reviewing several different eprocurement vendors.

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